Briefing
The latest from across luxury business: the moves, deals and numbers that matter, gathered as they break.
This briefing is published daily using an AI-powered system crafted by Worthbury's team and finely tuned to meet our editorial standards. While we continuously test and review the output, mistakes can sometimes happen. Tell us if you spot one.
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New York City compliance notice puts Victoria's Secret supply chain back under scrutiny
A local casting-related notice has reignited pressure on the lingerie group over labour conditions at a Sri Lankan supplier after a worker's death.
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G-III leans on Donna Karan playbook to rebuild Marc Jacobs
G-III Apparel Group's stronger quarterly outlook gives chief executive Morris Goldfarb room to apply lessons from Donna Karan to his newly acquired Marc Jacobs.
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Fashion's direct-to-consumer era gives way to a hybrid model
Shein's move toward an IPO and its acquisition of Everlane have sharpened focus on how pure-play direct-to-consumer fashion brands are adapting to survive.
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Kering names Sabina Belli to lead its Italian operations
Kering has appointed Sabina Belli as president of Kering Italia, reporting directly to chief executive Luca de Meo.
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Swiss watch exports turn positive, but top-end risks linger
Swiss watch exports have returned to growth, though uncertainty at the high end of the market continues to temper optimism about a full recovery.
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Bottega Veneta names Matteo Caoduro global head of PR and community
The Kering-owned house pulls a Karla Otto veteran in-house as it tightens control of its brand narrative under creative director scrutiny.
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France moves to fine Shein and Temu over ultra-fast-fashion harms
Paris introduces new financial penalties targeting the environmental and economic impact of ultra-fast-fashion platforms, sharpening Europe's regulatory pressure on the model.
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Céline bets big on Rodeo Drive with new US flagship
The LVMH-owned house has opened a 5,500-square-foot Beverly Hills store as it leans into what it calls strong American momentum.
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Mike Ashley returns for a majority stake in Hugo Boss
The Frasers Group billionaire is preparing a fresh push for control of the German fashion house after his summer takeover attempt fell short.
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Nobu Hospitality opens fifth Spanish hotel, cementing Madrid push
The De Niro-backed hospitality group has opened Nobu Hotel Madrid, making Spain its leading market in Europe.
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Henkell Freixenet takes majority control of Cassidy Wines
The German-Spanish drinks group has acquired a 60% stake in the Irish wine importer as it builds scale in the Irish market.
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Kering reshuffles Italian leadership, elevates Sabina Belli
The French luxury group has named Sabina Belli president of Kering Italia and installed new chief executives at Pomellato and DoDo, effective mid-September.
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Shein's Hong Kong listing stumbles out of the gate
Shares in the fast-fashion giant fell sharply on their market debut, a signal of investor caution towards its growth story.
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India's gold jewellery sector navigates record prices and political pressure
A major consolidation deal, aggressive expansion plans and a prime ministerial call to curb gold buying all point to a sector adjusting to record prices.
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The Met cancels its John Galliano Costume Institute show
The museum has shuttered a planned retrospective of the designer's work after criticism over his 2011 antisemitic hate crime conviction.
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Berlin's Hotel Adlon Kempinski could change hands for €280 million
The fund that owns the storied Berlin landmark is reportedly weighing a sale as its manager, the Jagdfeld Group, confirms talks are underway.
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Fosun files for a Club Med IPO in Hong Kong
The listing would raise capital for the resort operator as its premiumisation push has yet to translate into meaningful pricing power.
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Breitling owner Partners Group faces a €6 billion refinancing crunch
The Swiss private markets firm is running short of time to refinance debt at three portfolio companies, sharpening scrutiny of its balance sheet management.
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Dolce & Gabbana weighs property sales to shore up liquidity
The Italian house is exploring asset disposals after lenders agreed to waive terms on its debt amid weak luxury demand.
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Victoria Beckham posts first operating profit as sales surge
Double-digit sales growth has finally tipped the fashion and beauty house into the black after years of losses.